The National Oil and Gas Policy for Uganda (NOGP) provides for efficiency in licensing through competitive bidding. The Petroleum (Exploration, Development and Production) Act, 2013 provides for licensing of areas with the potential for petroleum production in the country to be undertaken through open, transparent and competitive bidding.
Less than 10% of the Albertine Graben, the area with the most significant for potential for petroleum production, is currently under license. Preparation for a competitive licensing round for some of the areas which have good data coverage but are currently not licensed in the Albertine Graben has commenced. The areas to be put out for licensing include some which were previously licensed to oil companies but were subsequently relinquished, or returned to Government. The licensing round will be announced by the Minister of Energy and Mineral Development as required by the Petroleum Act and the announcement will describe the specific aspects of this bidding round.
In preparation for the licensing round, data packages are being made available to prospective investors and a data room is being established to facilitate onsite and remote presentation of the data together with the petroleum and play concepts in these areas to the interested companies.